Recommendation to authorize City Manager, or designee, to purchase, through Alliant Insurance Services, Inc., the following insurance policies: (1) excess municipal liability insurance, at a total premium not to exceed $7,390,387, with multiple carriers for a 12-month period, from July 1, 2023, to July 1, 2024; (2) a buy-down deductible of the self-insured retention down to $7.5 million from Safety National, at a premium not to exceed $1,545,299; (3) a buy-down deductible of the self-insured retention down to $5 million for the first claim only involving Officer Involved Shooting, with Lloyd’s of London, at a premium not to exceed $928,011; (4) airport liability insurance, at a premium not to exceed $150,085, from National Union Insurance Company; (5) aircraft liability and hull insurance for police helicopters, at a premium not to exceed $74,813, from National Union Insurance Company; (6) storage tank insurance, at a premium not to exceed $33,946, from Liberty Surplus Lines; (7) SPILLS pollution coverage, at a premium not to exceed $14,229; (8) drone coverage, at a premium not to exceed $10,933, from Starr Indemnity & Liability Co.; (9) crime coverage from National Union Fire Insurance Company of Pittsburgh, PA and Berkley Insurance Company, at a premium not to exceed $44,111; (10) volunteer medical coverage, at a premium not to exceed $16,680; (11) marine insurance from International Marine Underwriters (IMU), at a premium not to exceed $433,368; (12) cyber excess coverage, at a premium not to exceed $264,165, from Beazley; and, (13) cyber breach response buy-up, for a premium not to exceed $9,940. All liability policies will be effective for a 12-month period from July 1, 2023, to July 1, 2024. (Citywide)

Agenda Item Approved Introduced June 5, 2023

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